Those talks are still ongoing, but once-attached director Juan Carlos Fresnadillo has apparently run out of patience. "To be honest, by now, I'm completely out of that, and developing other stuff," Fresnadillo said in a statement to The Playlist. "Right now it's on hold. The studio and the video game company, they have to reach some kind of agreement about the budget and the rating."
Here, Hollywood, allow us to resolve four years' worth of negotiations in four seconds: Make Bioshock's budget "all of the money" and let it have an R rating. Problem solved.